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Wednesday 11 July 2007

July 11 P/L= $1,143



After the first hour I was up 1k, I then struggled for the next 2 hours to make the next 100 bucks. I went short on ER2 a little too soon, because ZN looked like it hit a bottom, I should have waited for the double bottom on ZN and double top on ER2 (intermarket relationship strategy), or at least scaled into the trade slower. ES was the better short, showing bearish divergence, and if you haven't read already, there is suppose to be record short interest in ES right now,(is this bullish?), I think I read it on between the hedges blog.

July 11 P/L= $1,143 on 64 contracts

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